Bitcoin ETF outflows
Bitcoin is currently trading at $100,758.70, reflecting a decline of 0.8% as $1.2 billion in weekly ETF outflows exert downward pressure on the cryptocurrency. This situation has caused Bitcoin’s price to dip below a significant psychological support level of $100,000. The market is reacting to these outflows amid ongoing discussions regarding a resolution to the government shutdown. Investors are closely monitoring the developments, as the outcome could influence market sentiment and trading behavior. The combination of ETF outflows and uncertainty surrounding government actions has created a challenging environment for Bitcoin traders.
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